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IBM kicks off new US tech results season

Published: 08:46 19 Apr 2021 BST

Avast PLC - IBM kicks off new US tech results season

The week ahead

In the UK, we anticipate the first quarter (Q1) trading update from Avast PLC (LON: AVS) on Tuesday while GB Group PLC (LON:GBG) is also expected to update the market on trading this week.

Avast, which provides cybersecurity products, primarily to the consumer market. reports its Q1 trading update tomorrow. In its full-year results in March, it reporting adjusting billings growth for the year of 7.1%, down from 9.2% in the first half.  Following the results, the company announced the sale of its Family Safety Mobile Business to Smith Micro for US$66mln plus a potential earnout. Additionally, Avast and Smith Micro have entered into a strategic partnership.

GB Group, which provides identity data intelligence solutions, is scheduled to update the market on trading this week, ahead of its finals in June. It reported stronger-than-expected trading in its last update in February.  Earlier this month, it announced the sale of its Employ and Comply business unit, which represented around 3.4% of revenues in the year to March 2020.

Across the pond, the new quarterly results season kicks off on the tech side today when IBM reports Q1 numbers after the close. Netflix reports its Q1 figures on Tuesday while Intel reports Q1 numbers on Thursday. Other tech-related companies reporting this week include Teradyne, Lam Research, Citrix Systems, Netgear, Snap, Verisign, and Seagate. The reporting season steps up the pace next week when Apple, Amazon, Alphabet and Facebook report. 

Additionally, Apple has its "Spring Loaded" event tomorrow where it teases several new products.

Date Company Event Period ending
20-Apr Avast Q1 trading update 31-Mar
Wk of 19 Apr GB Group Trading update 31-Mar
27-Apr XLMedia Final results 31-Dec
28-Apr 1Spatial Final results 31-Jan
28-Apr Pennant Final results 31-Dec
29-Apr Proactis Interim results 31-Jan
29-Apr Immotion Final results 31-Dec
Week of 26 Apr Assimilar Final results 30-Sep
Week of 26 Apr Assimilar Interim results 31-Mar
05-May Iomart Capital markets day  
17-May Cerillion Interim results 31-Mar
18-May First Derivatives Final results 28-Feb
24-May Kainos Final results 31-Mar
May Bango Strategy day  
18-20 May Blue Prism  Blue Prism World  
Late May/E June Bytes Technology Final results 28-Feb
15-Jun CML Microsystems Final results 31-Mar
18-Jun Blue Prism  Interim results 30-Apr
21-Jun Sysgroup Final results 31-Mar
24-Jun Alpha FMC Final results 31-Mar
24-Jun Redcentric Final results 31-Mar
29-Jun D4T4 Final results 31-Mar
June GB Group Final results 31-Mar
June Iomart Final results 31-Mar
June Intercede Final results 31-Mar
Early July AdEPT Technology Final results 31-Mar
29-Jul SRT Marine Final results 31-Mar

Source: Data from regulatory news and company websites

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